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A Punjab National Bank branch in Mumbai. PNB topped the list with 389 loan fraud cases totalling Rs65.62 billion over the last five financial years. NEW DELHI, MUMBAI: Investors may have been shocked when one of India’s biggest banks disclosed a $1.77 billion fraud by a billionaire jeweller, but the …

The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of …

Shuaa Capital is assessing potential acquisitions in Egypt’s financial services industry as the Dubai-based firm seeks to become one of the country’s five largest brokerages as soon as this year. Shuaa, whose brokerage is ranked 18th in Egypt by market share, has applied for investment banking and asset management licenses, …

With the propensity to mould young minds positively or negatively, YouTube addiction should be a parental concern Amal Hussain with her daughter Juman. Dubai: The influence of YouTube on people, particularly the young, is an unalterable fact. From watching their favourite music stars to learning how to do make-up to …

Dubai Electricity & Water Authority is also building the world’s largest solar energy park DEWA is also building the region’s first hydroelectric pumped storage plant in Hatta with total capacity of 250 megawatts of power, Al Tayer said.
Photo credit should read MARWAN NAAMANIAFPGetty Images Dubai Electricity & Water Authority …

Pakistan’s new animation film is charming children and adults with its message of conservation LAHORE: When 11-year-old Haaris Khalid came out of the movie theatre after watching Allahyar and the Legend of Markhor, not only was he fascinated to learn about Pakistan’s rare species, such as Markhor (wild goat), snow …

European Union (EU) foreign ministers
BRUSSELS, Feb 16 (KUNA) — European Union (EU) foreign ministers held an “important discussion” on Syria during their informal meeting in Sofia, Bulgaria, Friday.“We see the situation on the ground is deteriorating even if it doesn’t …

Government should cut spending, raise taxes on petrol and eliminate electricity subsidies, according to IMF Lebanon will likely see its debt reach 180 percent of gross domestic product in five years from 150 percent in 2017, according to the
Photo: PATRICK BAZ/AFP/Getty Images. Lebanon’s economy is on an unsustainable path, …

Emaar Development, releasing its first results since listing on Dubai Financial Market, reported a 30 percent growth in net profit of $747 million (AED2.74bn) for 2017. The build-to-sell property development business, majority-owned by Emaar Properties, recorded full-year revenue of $2.41bn (AED8.86bn), an increase of 28 percent on 2016. The company …